Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-05-20
jourpmeut on Wednesday, being put wa
determined in the affirmative.
COUPON BROKERS.

chapter 450, Of Acts Of 1884, IN relation
10 tax.receiyable coupon brokers. The
amendments proposed by the Committee on
Finance and Banks were agreed 10 and the
bill was advanced TO its passage.
The bill provides that coupon brokers In
counties and cities Of over ten thousand
inhabitants shall pay license tax OF 81 coo,
and in counties and cities OF less than ten
thousand $500, and shall have the privilege
OF selling coupons only 10 taxpayers in
the counties and cities in which the license
is issued. Any violation OF this act Is de.
clared 10 be misdemeanor and punished
by heavy fine, and prosecution may be had
in the county or CITY where the broker
resides, or here the taxpayer resides, TO
whom the coupon is sold. This act, II
properly enforced. will break up the GEN.
tIal coupon.oflices in the cities and compel
them 10 take out licenses and bavean agent
In each county. and pay the Commonwealth
its license1or the privilege, and will tend
greatly TO break up the practice now gong
on in the State OF flooding each county
with circulars sent out by agents In Rich
mond.
ANOTHER CONSTITUTIONAL AMENDMENT.
At the afternoon session Mr.. Twyman.
Of Madison. offered joint resolution pro-
posing the following as a substitute for the
eighth and tenth sections OF Article y. ol
the Constitution in reference to taxation
and finance:
The General Assembly OF Virginia Is hereby
expressly prohibited from making any appro-
priation or from passing any law whatever pro
viding for the payment OF any part OF the pup
iic debt, except such part thereof as has been
or heFgaffcr funded under and in nur-
suance Of the provisions OF the act OF Assem-
bly, approved February H. 1852. entitled an act
10 ascertain and declare Nirginia's equitable
share OF the debt created before and actually
existing at the time Of the partition OF her ter
TitOTy and resources, and 10 provide for the Is
sUance OF bonds covering the same ana the
regular and prompt payment Of interest there
on. except such bonds and other obligations OF
the Commonwealth as we're on the 10Th day OF
March. 1884 held 10y or for the benefit Of any
incorporated college or other institution or
seminary Of learning, or academy or manual
labor school within ;he state 50 long ~ they
may continue 10 be held by or for the benefit
Of the same.
Section 2g. Taxes may be assessed directly
upon all subjects OF taxation, or they may be
assessed against the several counties aud mu-
inequalities Of the State as near as may he Ia
proportion 10 their taxable values respectively.
and the General Assembly may authorize and
empower such county and municipality OF the
Stale 10 levy IuAeS upon All sublt'AH oi AuAa-
tiOn. and 20 the same extent that the General
Assembly is authorized 10 levy taxes.
TOBE CONSIDERED TODAY.
Mr.. Twyman asked that the rules be sus-
pended aud thar the resolution be cOnsid-
cred at once. He was confident that after
last night there would not be 4 working
body present, and for this reason urged his
motion.
rn1 - l.tr a. Il 10
the Superintendent Of Public Printing I,
have the resolution printed and on the
desks oi the senators this morning.
Sir. Koiner favored the immediate con-
sderaiion Of this important measure.
Mr.. Rhea announced himself as entirely
opposed to the amendment, which, he con
tended, VIII give the creditors any number
OF years within which to fund.
Mr.. Stubbs said he was heartily in >Ym'
psthv with the amendment aud proposed
to support it. but suggested that the re>o
luton be printed aud made the specia! o-.
der for l0o'clock this morning. Agreed TO-
TIE BONDHoLDEas, AGAIN.
Mr.. Dalton introduced the following.
Whereas it has been publicly proclaimed by
circulaN bearing what Is purpOrtod 10 be the
B B.aiihwaite. . representatives Of The Council o
Foreign BondhOlders. that a certain PROPOSE
tiOn. which would reduce tho annual Interest
on the public debt to SG72 iSl and the principa
20 10 redeemed TO fl6,Si7, 19l, has been made
10 the State through its representatives ap'
pointed by The General Assembly: therefore
be IL
Resoirsd, That tie General Assembly OF Vir
cinia hereby announces its willingness 10 ac-
cept such proposition as will bring about q
.l.1
will not reduce the amounts annually appro
priatcd for schools, insane AMI other asylums
ard manned soldiers. and will not Increase thc
taxes as at present levied.
,. He'o'red. That 10 this end the President ol
the Senate, the Speaker Of the House. an the
committee Of both houses are hereby instruct
ed 10 20 inform the representatives, of tho 'un-
ell Of Foreign BOndholders.
g. Resoirei. That said legislative COMMITTEES
/. hereby instructed 10 announce officially %
tho Governor and the citizens OF Virginia
through the press Of the Stale, the result OF
their efforts to settle the public debt Of Fir-
gina.
Dir. Dalton advocated the imme 'iate
adoption Of his resolution. lie desired HE
effect OF the Thornton Braithwaite circular
cOunteracled as far Gs possible in order
that this statement Of theirs, which he
thought Incorrect, might not have any
weight upon the people in the next eiec-
tion.
Mr. Smbb' stated that the Debt Commit
tee was preparing reply to the circnlaI
which would be published this mOrning.
The resolution was referred to the DebI
Committee.
Inthc House.
I'm the House yesterday morning Mr.
Hogc, OF Patrick, introduced An amend
ment TO the Constitution similar TO the one
introduced in the Senate by Senator Rhea
Mr.. Hay, OF Madison, moved TO suspend
the rules and place the Joint resolution Or
the calendar.
speaker Stuart ruled under the order
heretofore made that it would have to
20 10 the special JOINT committee Cthe two
finance cOmmilteeS) which has been ap.
poutcd TO consider oil debt legislation.
AIR. Hay, Of Madison. then moved to dis
char &c the committee from its further con-
Nderatiop. He claimed that the joint com
mltee would never report It..
The House refused to discharge the com
mit;cc-Ayes. %; noes, 2S-uot two thrds
MIR. iIoge. OF Patrick, then offered ic'o
luton nstrucling the joint Committee on
Finance Of the two houses TO report 20 :
O'Clock this day back to this House the
JOINT resolutions.
MIR. Echols, Of Augusta. opposed ihi'
rcsoIutiOn, pTeleTing To leave the mater
to the wisdom OF the joint Committee IN
Finance when TO make report on The sub
jcct.
THE INCUBUS on VIRGINIA.
Mr.. Hay eloQucntly urged it, adoption,
BRING this proposed amendment before
the House." said he; "lct IL pass il, and
forever. Rs far "a lies in our power, relieFe
Virginia OF this Incubus
Mr. Hoge claimed that the sending OF ne
amendment to the joint committee wa
simply to have il plgeOn.holed there.
MIR, Fulkers0n, Of Washington, cliiGrd
that the amendment amounted TO practical
reputation.
Nr Hav: II the gentleman from Wash
inZton thinks this amendment amount, tC
reputation then he does not unders.lnd
the English language.
Nr. Fulker.on: may not understand
The English language, but | am famlii II
with the meaning Of the amendment.
TUE SPEAKERS VOICE.
Speaker Stuart, OF Alexandra (Mr. Cad
well, OF Hanover, in the chair, wanted ]
positively and firmly known that he Wouid
never be able TO feel justified IN voting ioT
thi, proposed amendment. He would dis
cusS II when il came up before the House
on its passage, but he distinctly declared
that he would vote for nothing that would
put a blot on the fair name OF Virginia
Moreover he contended that, II adopted, Il
would be entirely yaluelcss.
MIR. Martin (Republican), OF Norfolk
SAID that this question Of reputation should
be brought fairly and squarely before the
House. For himself he was and always
had been opposed TO reputation in any
form or eui>e.